Florida hit with shock warning about looming 'silver tsunami' READ MORE: Influx of baby boomers to South Carolina creates a 'gray tsunami' By JAMES CIRRONE FOR DAILYMAIL.COM Published: 08:25 EST, 23 November 2024 | Updated: 08:31 EST, 23 November 2024 e-mail 5 View comments America's ageing population is an acute problem in Florida , where government officials and experts are agonizing over how to meet the needs of this vulnerable group of people. In South Florida - an area that has attracted retirees for decades - the sheer number of seniors that need to be catered for is reaching a crisis level for municipalities. That's because many of them don't have pensions or enough savings and are solely living on Social Security, which with an average payout of just $1,907 per month , isn't enough to live on. 'I am truly concerned that 20 years from now, people that are reaching their mid-60s, their retirement age will be death,' said Broward County Commissioner Steve Geller, who is also the chair of the South Florida Regional Planning Council. 'If you're not worried about this, it just means you're not paying attention,' Geller said in an interview with DailyMail.com. Access to affordable housing is also waning in the state, putting seniors at risk of homelessness , experts warn. The planning council expects South Florida, which encompasses seven counties, to have 2.13 million people that are 65 or older by 2050, according to the South Florida Sun Sentinel . If this projection is correct, that would be a nearly 55 percent increase since 2021. Of that 2.13 million, 520,000 of them will be 85 years or older. Florida is just one among all states that are scrambling to figure out how to provide services to growing elderly population That will be millions of people who will need assistance with everything from housing and transportation to healthcare. The South Florida and the Treasure Coast Regional Planning Councils held an approximately seven-hour long conference last Friday at Florida Atlantic University in Boca Raton to discuss this exact issue. Experts from various disciplines presented in front of an audience of about 200 people, many of them local government officials who could affect change to blunt the worst case scenario for Florida's future seniors. One of the biggest issues is that seniors are simply outliving their savings, while also carrying debt into retirement. 'There is a disconnect of how much people understand they have to save,' said Angela Antonelli, a research professor and executive director of the Georgetown University Center for Retirement Initiatives. Antonelli added that one in five Americans rely on Social Security for 90 percent or more of their income, which she argued 'does not keep you out of poverty.' Broward County Commissioner Geller told DailyMail.com that there used to be a three-legged stool for retirement: a pension, Social Security and savings. One of those legs - pensions - has been kicked out from under millions of American workers over the last 40 years in favor of employer-sponsored 401(K) plans and IRAs. More workers than ever rely solely on contributing to their 401(K) plans to build up their retirement savings. Back in 1970, 45 percent of all private sector workers had a pension plan Pictured: Broward County Commissioner Steve Geller. He also serves as the chair of the South Florida Regional Planning Council 'IRAs and 401(K)s were never set up to replace pensions. They were set up to help supplement pensions, and instead, because they're so much cheaper, employers said, "Oh, great, we'll set up a 401(K) and eliminate your pension,"' Geller said. This predominantly impacts private sector workers, only 15 percent of whom have pensions as of March 2023, according to the Bureau of Labor Statistics . Back in 1970, when 45 percent of all private sector workers had a pension plan (also called a defined benefit package), there was infinitely less of a risk of them running out of money later on in retirement. For the rest of their lives, people who worked at pension-providing companies were guaranteed a monthly income for their decades on the job. But now that most companies have switched to defined contribution plans, the burden to save for retirement has fallen entirely on workers, who often make 'bad decisions,' according to Geller. This includes withdrawing from their 401(K)s before they turn 59-and-a-half -subjecting themselves to 10 percent tax from the IRS as a penalty - or taking loans against their retirement account. Many people choose to keep their retirement money in cash and miss out on decades of compound growth they would have experienced if they'd invested their money into the stock market. That's why Geller wants government officials to start advocating for private pension plans again. But absent a monumental shift in national policy, Geller hope to wrangle together the three largest counties in southeast Florida - Miami-Dade, Broward and Palm Beach - to create a state retirement fund. Ten states have mandated retirement plans, meaning they force most businesses to opt in and provide their employees access to the government-run retirement savings system. Your browser does not support iframes. Read More No 401(K)? New retirement plan could help millions save for later years Florida doesn't have a program like this, which is why Geller hopes to get momentum going at the county-level. Together, Miami-Dade, Broward and Palm Beach counties have a population of 7.2 million and many of these people - beyond most of them not having a pension - don't even have access to an employer-based retirement plan because they're working for a small business. 'I'm talking about a story that's got eight or 10 employees. They're not going to go through the hassle of setting up their own retirement plan,' Geller said. As Broward County Commissioner, Geller wants to put forth a bill that would have the county pay for the initial set up and administration of the plan so more Floridians would have the opportunity to set aside money every check for retirement. 'I will call this the Joe's Pizzeria Act, because it's designed not for Microsoft, but for Joe's Pizzeria,' he said. For current seniors living in Florida, access to affordable housing is waning as property prices and the cost of living spikes . Broward Mayor Nan Rich, a panelist at the conference, said seniors in southeast Florida who live in condos bought in the 1970s are facing mandatory repairs that are now government-mandated following the Surfside condo collapse in 2021 . Under the new law, all condo buildings 30 years old or older and three stories or taller are required to undergo an inspection by a qualified architect or engineer. If ' substantial structural deterioration ' is found, the condo owner will be on the hook for the repairs and need to come up with substantial amounts of cash to fix their property within a year. Rich, Geller, and other officials expect that many seniors who live in these units won't be able come up with the money for maintenance - which can sometimes cost $100,000 or more - and face homelessness as a result. 'The fastest growing group of homeless people are seniors,' Geller said. Pictured: The aftermath of the collapse of a condo building in Surfside, Florida. The disaster prompted state lawmakers to more stringently regulate condos, which is having a devastating effect on the market Poverty rates are also the highest for seniors than any other age group in Miami-Dade County, according to Tyler Moroles, assistant division director of the county's Section 8 Housing Choice Voucher Program. The median rent in the county is about $2,100, which requires a $75,600 salary to be affordable. For the thousands of seniors in public housing, their average income is $14,691 a year. 'I'm sure none of you could live off $14,000, nor could I,' Moroles said. The county is in the middle of redeveloping about 1,800 public housing units to create more living spaces. Jose Marti Villas , in Miami's Little Havana, is one affordable apartment complex that's being renovated by the county. The eight story building houses 110 units and a nearby three-story building has 36 units, bringing the total to 146. It's expected to be fully completed by March 2026. Pictured: Jose Marti Villas, an affordable senior housing community in Miami that's set to be completed by March 2026 Another potential solution that could get more seniors a roof over their head involves loosening zoning laws to allow accessory dwelling units (ADUs) . ADUs, sometimes called 'granny flats' or 'in-law suites,' are housing additions that often take the form of add-ons to a home or a separate living quarters on the property. The children of seniors will often decide to build these additions to house their parents if they can no longer support themselves. Zoning laws in Broward County and other South Florida counties regulate resident density, which presents a problem for those who want to build ADUs. Once a developer builds a property that adheres to the number of residents it's zoned for, it's almost impossible for the adult children that live there to create an ADU for their elderly relative without violating the law. 'We're going to need to work with the cities and the county...to say we're not going to count accessory dwelling units towards your density,' Geller said. An example of a detached accessory dwelling unit. Many of them aren't bigger than 1,000 square feet and have one bedroom Transportation for seniors is another policy arena that will need to be addressed by lawmakers as more of them need to give up their cars Transportation for seniors is another policy arena that will need to be addressed by lawmakers as more of them need to give up their cars. 'Most adults will outlive their ability to drive by seven to 10 years,' said conference panelist Laura Streed, the senior associate state director of AARP of Florida. Other panelists discussed potential solutions, including partnering with Uber and other ride-sharing companies to get seniors to public transit stations that are too far of a walk for them. Karen Deigl, president and CEO of Senior Resource Association, said policymakers need to be aware of things like cracked sidewalks and street lights that make it nearly impossible for older adults to cross the street in time. Since according to Deigl 'some people just shouldn't drive,' there need to be other ways for seniors to get around that don't involve cars. Share or comment on this article: Florida hit with shock warning about looming 'silver tsunami' e-mail Add comment보스턴, Dec. 11, 2024 (GLOBE NEWSWIRE) -- 손해보험(P&C) 및 일반 보험의 미래를 주도해가는 지능형 솔루션 제공업체인 Duck Creek Technologies (이하 Duck Creek)가 회사 및 고객을 위한 혁신과 성장에 더욱 속도를 내기 위해 베테랑급 임원 3명을 글로벌 고위 경영진에 임명했다. 새로 선임된 임원들은 북미 영업 담당 수석 부사장인 William Magowan, 유럽•중동•아프리카 지역 (EMEA) 담당 매니징 디렉터인 Elodie Hilderal, 아시아태평양 지역 담당 매니징 디렉터인 Christian Erickson이다. 신규 임원들은 보다 큰 조직과 협력해 사업 확장과 매출 성장에 필요한 새로운 기회를 창출하는 한편 전 세계 Duck Creek 고객과 파트너를 대상으로 세계적 수준의 경험을 제공하는데 주력하게 된다. William과 Elodie, Christian은 Duck Creek을 비롯해 다양한 곳에서 풍부한 보험관련 기술 경력을 보유하고 있다: William Magowan 은 보험 기술 업계에서 20년 동안 영업 책임자로 활동한 경력을 바탕으로 북미 영업 담당 수석 부사장 을 맡으며 Duck Creek에 재합류했다. 그는 우수 실적을 보인 영업팀을 육성하고 이를 진두지휘하며 제품 혁신을 주도했으며, 검증된 고객 가치를 제공하는 데 있어 탁월한 성과를 보였다. Elodie Hilderal 은 Duck Creek 영업 부사장으로 성공적인 역할을 수행한 후 EMEA 지역 매니징 디렉터 로 임명되었다. Elodie 디렉터는 보험 및 재보험 엔터프라이즈 소프트웨어 업계에서 15년 동안 영업, 전문 서비스, 고객 성공 분야에서 리더십 역할을 수행해 온 탁월한 리더로, 보험 및 재보험 업계에서 탄탄한 경력을 구축한 인물이다. Christian Erickson 은 25년 이상 엔터프라이즈 소프트웨어, 클라우드, 사이버 보안, 전문 서비스 분야에서 쌓은 경험을 바탕으로 아태지역 매니징 디렉터 를 맡게 되었다. Duck Creek에 합류하기 전에는 Cognizant와 Accenture를 비롯한 여러 회사에서 금융 서비스 및 보험 부문의 총괄 매니저를 역임하며 성장, 고객 성공, 전문 서비스 부문을 담당했다. Duck Creek Technologies의 Mike Jackowski CEO는 “William과 Elodie, Christian 이렇게 신규 임명 세 명을 선임한 것은 Duck Creek에 있어 중요한 순간이다. 이들의 리더십 역량과 업계 전문성을 바탕으로 2025년에는 전례 없는 수준의 성장을 이루고 전 세계로 사업 영역을 확장할 수 있을 것으로 기대된다"라고 밝혔다. 그는 또 “Duck Creek은 보험 기술 분야를 선도하는 기업으로서, 고객들은 우리가 구축하는 솔루션부터 제공하는 고객 경험에 이르기까지 우수성의 표준을 정립하기를 기대하고 있다. 세 명의 임원 모두 보험사와 보험 계약자의 지속적인 이익을 위해 Duck Creek이 업계를 지속적으로 선도할 수 있도록 배경과 노하우, 입증된 성공 경험을 갖추고 있다”고 설명했다. Duck Creek Technologies 소개 Duck Creek Technologies는 재산 및 손해(P&C), 일반 보험 산업의 미래를 주도할 지능형 솔루션을 공급한다. 당사는 최신 보험 시스템 구축의 기반이 되는 플랫폼으로 업계가 클라우드를 활용해 민첩성을 가지고 지능형 방식으로 원활하게 사업을 운영할 수 있도록 지원한다. 진정성, 목적성, 투명성을 핵심 가치로 삼는 Duck Creek은 개인과 기업이 가장 필요로 하는 시기, 장소, 방법을 통해 보험을 이용할 수 있어야 한다고 믿는다. 시장을 선도하는 당사의 솔루션은 독립형 또는 전체 제품군 으로 제공되며, Duck Creek OnDemand 를 통해 이용할 수 있다. 자세한 정보는 회사 홈페이지 www.duckcreek.com 에서 확인하세요. 소셜 채널인 – LinkedIn 과 X 에서 Duck Creek을 팔로우해 최신 정보 확인도 가능합니다. 언론 연락처 정보: Marianne Dempsey/Tara Stred duckcreek@threeringsinc.com

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Our HS sports photos like the ones above put you right up close with the action and the whole experience. Check them out by clicking anywhere in the collage above to open the photo gallery. Don’t forget to share the gallery with friends and relatives. These photos are also available for purchase in a variety of sizes and finishes – just click the “BUY IMAGE” link below any photo to see available options and make a purchase. NJ.com subscribers can also get free print-quality digital downloads of any images in this gallery. Note: Because we are trying to make these galleries available for viewing as quickly as possible, the gallery may not be in its final form. If you only see a few photos, you are probably seeing an early version and more photos will be added later. Please return and refresh the page to see additions. RECOMMENDED • nj .com Football photos: No. 15 Point Pleasant Boro at No. 7 Rumson-Fair Haven, Group 2 semis, Nov. 22, 2024 Nov. 22, 2024, 10:00 p.m. Football photos: Washington Twp. at No. 5 Toms River North, Group 5 semis, Nov. 22, 2024 Nov. 22, 2024, 7:53 p.m. Mobile device users: For the best experience downloading high-resolution images (available free and to subscribers only) and making photo purchases, it’s best to visit this page from your desktop or laptop computer. The N.J. High School Sports newsletter is now appearing in mailboxes 5 days a week. Sign up now! Follow us on social: Facebook | Instagram | X (formerly Twitter)By MARC LEVY HARRISBURG, Pa. (AP) — Democratic Sen. Bob Casey of Pennsylvania conceded his reelection bid to Republican David McCormick on Thursday, as a statewide recount showed no signs of closing the gap and his campaign suffered repeated blows in court in its effort to get potentially favorable ballots counted. Casey’s concession comes more than two weeks after Election Day, as a grindingly slow ballot-counting process became a spectacle of hours-long election board meetings, social media outrage, lawsuits and accusations that some county officials were openly flouting the law. Republicans had been claiming that Democrats were trying to steal McCormick’s seat by counting “illegal votes.” Casey’s campaign had accused of Republicans of trying to block enough votes to prevent him from pulling ahead and winning. In a statement, Casey said he had just called McCormick to congratulate him. “As the first count of ballots is completed, Pennsylvanians can move forward with the knowledge that their voices were heard, whether their vote was the first to be counted or the last,” Casey said. The Associated Press called the race for McCormick on Nov. 7, concluding that not enough ballots remained to be counted in areas Casey was winning for him to take the lead. As of Thursday, McCormick led by about 16,000 votes out of almost 7 million ballots counted. That was well within the 0.5% margin threshold to trigger an automatic statewide recount under Pennsylvania law. But no election official expected a recount to change more than a couple hundred votes or so, and Pennsylvania’s highest court dealt him a blow when it refused entreaties to allow counties to count mail-in ballots that lacked a correct handwritten date on the return envelope. Republicans will have a 53-47 majority next year in the U.S. Senate. Follow Marc Levy at twitter.com/timelywriter

Presbyterian 67, Youngstown St. 42Democrat Bob Casey concedes to Republican David McCormick in Pennsylvania Senate contestFormer chairman of state-owned bank China Everbright Group jailed for 12 years for corruption BEIJING (AP) — Chinese official broadcaster CCTV says a former chairman of the state-owned bank China Everbright Group has been jailed 12 years for embezzlement and bribery. Tang Shuangning, who had also held senior posts at the People’s Bank of China and the China Banking Regulatory Commission, was arrested in January, part of a wider wave of prosecutions of senior officials accused of financial crimes. A court in the city of Tangshan, about 100 miles east of Beijing, found him guilty of taking advantage of his position at the state-owned bank in “seeking convenience for others” in jobs and loans, in exchange for illegal payments. The court said he had accepted illegal property with a total value of more than $1.5 million. US defense secretary in Japan to support alliance as Osprey aircraft safety causes concern TOKYO (AP) — U.S. Defense Secretary Lloyd Austin has met with officials in Japan to reaffirm the importance of their alliance and Washington's commitment to regional security as threats rise from China and North Korea. Austin’s visit on Tuesday also came amid growing concerns over the safety of Ospreys. The military aircraft have been grounded in the United States following a near crash at Cannon Air Force Base in New Mexico last month. The incident was caused by weakened metal components. It was similar to a fatal crash off southwestern Japan last year. The U.S. measure prompted the suspension of Ospreys operated by Japan’s Ground Self-Defense Force. Trustee over Infowars auction asks court to approve The Onion's winning bid A trustee who oversaw the bankruptcy auction of Alex Jones’ Infowars is asking a judge to approve The Onion’s winning bid for the conspiracy-filled platform. Trustee Christopher Murray took the stand Tuesday in the second day of testimony at a hearing where a judge is scrutinizing the satirical news outlet’s winning offer. He told U.S. Bankruptcy Judge Christopher Lopez in Houston that he was there asking a court to approve the sale of Infowars’ parent company to The Onion’s parent company. It is not clear how quickly Lopez will rule. The Onion wants to turn Infowars’ website and social media accounts into parodies. Small businesses plan events, start marketing earlier to deal with shorter holiday shopping season The holiday shopping season is underway, and this year small businesses have less time to capitalize on the busy shopping period. Only 27 days separate Thanksgiving and Christmas — five fewer than last year. But there are still ways to make the most of a shorter season. One key strategy is for owners to promote deals to customers wherever they can, from social media to physical ads. The National Retail Federation predicts that retail sales will rise between 2.5% and 3.5% compared with same period a year ago. Online shopping is expected to grow too. Adobe Digital Insights predicts an 8.4% increase online for the full season. 10 notable books of 2024, from Sarah J. Maas to Melania Trump NEW YORK (AP) — Even through a year of nonstop news about elections, climate change, protests and the price of eggs, Americans still found time to read. Sales held steady according to Circana, which tracks around 85% of the print market. Many chose the release of romance, fantasy and romantasy. Some picked up the tie-in book to Taylor Swift’s blockbuster tour, which had the best opening week of 2024. Others sought out literary fiction, celebrity memoirs, political exposes and a close and painful look at a generation hooked on smartphones. Boeing is building new 737 Max planes for the first time since workers went on strike Boeing is resuming production of its bestselling plane, the 737 Max. It's the first time that Max jets have moved down the assembly line since September, when about 33,000 workers went on strike for higher pay. Boeing said Tuesday that work on the Max has resumed at its factory in Renton, Washington, near Seattle. Both the Max and another Boeing plane, the 787 Dreamliner, have been plagued by manufacturing problems in recent years. The Federal Aviation Administration is limiting Boeing’s production of Max jets until the agency is convinced that Boeing has corrected quality and safety issues during manufacturing. Stock market today: Wall Street drifts lower as it waits for inflation data NEW YORK (AP) — U.S. stock indexes are drifting in the runup to the highlight of the week for the market, the latest update on inflation. The S&P 500 slipped 0.2% Tuesday and was on track for its first back-to-back losses in three weeks. The Dow Jones Industrial Average slipped 7 points, and the Nasdaq composite fell 0.3%. Oracle dragged on the market after reporting weaker growth than analysts expected. Treasury yields rose ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the Federal Reserve's meeting on interest rates next week. Alaska Airlines will spread its wings by flying to Tokyo and Seoul beginning next year NEW YORK (AP) — Alaska Airlines says it will launch service from Seattle to Tokyo and Seoul next year as part of a plan to boost international flying in the next several years. Alaska announced the new routes as it prepared to hold an investor day Tuesday. The airline raised its fourth-quarter profit outlook and publicized a plan to boost profit by $1 billion over three years. And Alaska Airlines is announcing a plan to spend $1 billion buying back its own stock. Share buybacks are often popular with investors because they make existing shares more valuable. Fortnite players 'tricked' into unwanted purchases are starting to get refunds. Here's how to apply NEW YORK (AP) — U.S. consumers who were tricked into purchases they didn’t want from Fortnite maker Epic Games are now starting to receive refund checks, the Federal Trade Commission said this week. Back in 2022, Epic agreed to pay a total of $520 million to settle complaints revolving around children’s privacy and payment methods on its popular Fortnite game. The FTC alleged that the video game giant used deceptive online design tactics to trick Fortnite players, including children, into making unintended purchases that could be based on simply pressing one button. The settlement includes $245 million in customer refunds. Now, the first batch of those refunds are being sent out — but eligible consumers can still submit a claim through January 10. How to bridge a retirement shortfall If you want to get yourself thoroughly depressed, spend a little time looking at statistics about Americans’ retirement preparedness. Though many people are hurtling toward a retirement shortfall, you can consider several prudent strategies to help make up for a savings gap. Employing modest changes like working longer and delaying Social Security means they’re apt to be more palatable from a lifestyle perspective.

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